State Government Tax Collections, Total Selective Sales Taxes in Florida
FLTLSLTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,412,278.00
Year-over-Year Change
32.41%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Selective Sales Taxes in Florida' metric measures the total selective sales tax revenue collected by the state government of Florida. This data is crucial for economists and policymakers to analyze Florida's fiscal health and tax policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the total revenue generated from selective sales taxes levied by the state government of Florida. Selective sales taxes are applied to specific goods and services, unlike a general sales tax. This data provides insights into Florida's tax base, consumer spending patterns, and the state's fiscal capacity.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This metric is widely used by economists, tax policy analysts, and state government officials to assess Florida's economic and fiscal conditions.
Key Facts
- Florida relies heavily on sales tax revenue.
- Selective sales taxes account for a significant portion of the state's total tax collections.
- This data is a key indicator of consumer spending and economic activity in Florida.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue generated from selective sales taxes levied by the state government of Florida. Selective sales taxes are applied to specific goods and services, unlike a general sales tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Florida's tax base, consumer spending patterns, and the state's fiscal capacity, making it crucial for economists and policymakers to analyze Florida's economic and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, tax policy analysts, and state government officials to assess Florida's economic and fiscal conditions, which informs policymaking and budgetary decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Total Selective Sales Taxes in Florida (FLTLSLTAX), retrieved from FRED.